#014: Tactical Tuesday: Why You Should Consider Partnerships

Overview:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast, discusses the importance of business partnerships. Jason provides useful tips on networking and highlights the benefits of forming partnerships. He also talks about what to look for before you go into business with someone. 

 Episode Highlights:

  • What’s the difference between partnerships and strategic partnerships?

  • What’s the differences between partnerships and sole ownership?

  • Jason highlights a the benefits of partnerships.

  • What should you look for before partnering with someone?

  • Why do you need a defined buyout plan?

  • Does your partner have a compatible communication style?

  • How do you go about creating partnerships?

 3 Key Points:

  1. Partnerships are more of a legal agreement, which includes the division of business ownership and responsibilities.

  2. Strategic partnerships are less formal and are used to create mutually beneficial relationships.

  3. The value-add for partnerships includes access to new knowledge, customers, experiences, markets, strategies and products.

 Tweetable Quotes:

  • “Individuals don’t win, teams do.” – Jason A. Duprat

  • “You can gain a lot of headway when you’re in the right partnership.” – Jason A. Duprat

  • “One thing to keep in mind when you partner is your reputation is on the line.” – Jason A. Duprat

 Resources Mentioned:

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